XM vs Alpari

XM vs Alpari Comparison Table 2023
XM	Alpari
Review 4.4	Review 3.8
Traders from US not accepted	Traders from US not accepted
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted CySEC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms.	Alpari offer forex, CFD and binary options trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.
Pros
Beginner-friendly education tools including podcasts and expert-led webinars in 9 languages Premium research including market sentiment, fundamental insights and strategy builders Accessible trading accounts with a $5 minimum deposit and easy account opening Powerful MT4 and MT5 platforms available via web, desktop or mobile Reliable 24/5 customer support in over 25 languages Hugely respected brand with 30+ industry awards Transparent fees with spreads from 0.0 pips 1000+ instruments including 50+ forex pairs
Cons
$5 inactivity fee Traders from the US not accepted
Awards
The Best Crypto CFDs 2022 - Financial Expo Egypt Best FX Service Provider 2022 - City of London Wealth Management Awards Best MT4/MT5 Broker 2021 - DayTrading.com Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards Best Trading Experience 2021 - Ultimate Fintech Best FX Service Provider 2021 - City of London Wealth Management Awards Best Broker in Customer Service 2020 - FX168 Best Customer Service Experience 2020 – Global Business Awards Global Forex Broker of the Year 2020 - Global Forex Awards Best FX Service Provider for 2020 - City of London Wealth Management Awards
Promotions
Improve The Speed & Reliability Of Your Trades With The XM VPS
Bonus
Free VPN Services	30% up to $100 (terms apply)
Instruments
Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks	CFD, Forex, Crypto, Binary Options
Demo Account
Yes	Yes
Minimum Deposit
$5	$5
Payment Methods
Multiple local payment methods available	ADVcash Bitcoin Payments Credit Card Diners Club EasyPay Ethereum Payments FasaPay Flutterwave GlobePay Maestro Mastercard Neteller PayRedeem Perfect Money RBK Money Skrill UnionPay Vietcombank Transfer WebMoney Wire Transfer Yandex Money
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI	FSC of Mauritius, SEBI, JFSA
Margin Trading
Yes	No
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android & Windows	iOS, Android and Windows
Auto Trading
Yes (EAs)	Via Copy Trading choices
Copy Trading
Yes	No
Copy Trading Platform
XM offers over copy trading on MT4 and MT5. Integrated signals can be used to inform trades, including buy and sell decisions and entry and exit points.
Social Trading
No	No
Trade Signals
Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD JPY ZAR CHF PLN	USD EUR GBP CZK NGN
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
Cocoa Coffee Copper Corn Cotton Gasoline Gold Oil Precious Metals Silver Sugar Wheat	Gold Natural Gas Silver
CFD Trading
Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading.
Leverage
1:500	1:400
FTSE Spread
1.5 pts (var)	13
GBPUSD Spread
2.1 (var)	0.7 var
Oil Spread
0.05 (var)	4 pts
Stocks Spread
0.1% (var)	Variable
Forex Trading
XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile.	Alpari International offer forex over a huge range of pairs including Major, minor and exotic pairs. All with competitive spreads and laddered leverage.
Forex App
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.
GBPUSD Spread
2.1 pips (var)	0.7 (var)
EURUSD Spread
1.6 pips (var)	0.4 (var)
EURGBP Spread
2 pips (var)	0.6 (var)
Assets
55+	50+
Currency Indices
USD
Cryptocurrency
Crypto trading not offered
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	Alpari offers fix contracts on major markets with various contract types and payouts available.
Payout
	80%
Expiry Times
	30 seconds - 4 hours
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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